OECD ECONOMIST PESSIMISTIC ABOUT STEEL OVER-CAPACITY
July 1st, 2013
The senior economist serving the steel committee of the Organisation for Economic Cooperation & Development (OECD) has told Steel First that he is pessimistic about whether the global steel sector can reduce over-capacity."The prospects for excess capacity are quite bleak. It's difficult for markets to grow its way out of excess capacity, especially under demand and growth currently expected for the future," said Anthony de Carvalho, speaking after a meeting of the committee in Paris that wrapped up today (Tuesday, July 2). "It might be a medium-term problem ...
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